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Bullboard - Stock Discussion Forum Goldrush Resources Ltd GDRRF

GREY:GDRRF - Post Discussion

Goldrush Resources Ltd > high river gold
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Post by vijay99 on Mar 06, 2012 5:48pm

high river gold

50% stake by high river gold, thats the reason this stock is not much higher, the resource upgrade will help in moving the ounces higher.

 

Looks like an eventual bulk tonnage open pit to me. At these levels, worth keeping.

Comment by Homer65 on Mar 07, 2012 8:23am
They must do a deal with high river, thats the biggest uncertainty, i dont like the management decisions in this particular case. In terms of geological aspect they are pretty good, but wheres the knowledge in dealmaking, marketing and financing? I recommend them to use this exciting times to re course.
Comment by missouriminer on Mar 10, 2012 11:49am
The 50% back in rights that HRG has for 3 of GOD's claims is exercisable for up to 60 days after a pre-feasability study is completed. According to Dr. Brownlie the time table for the study is at the earliest 2 years out. Of course this time schedule can change with new drill results.
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